EU Industrial R&D Investment Scoreboards 2011

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Differences in sector composition also lead to different R&D growth ratesin the EU Member States. Within the EU, the highest growth contributioncomes from German companies and is mostly due to a few automobilescompanies.More than two thirds of the R&D investment of the EU Scoreboard companies isfrom those located in the three biggest Member States (Figure S4). Amongthese three, German companies showed the highest one-year growth (8.1%),mostly due to a few automobiles & parts companies (Daimler, Volkswagen andBMW). R&D investment growth of UK companies was 5.8%, close to the EUaverage, compared to 3.8% for French companies.In the other Member States, a few large players account for high shares of theR&D investment growth: Novo Nordisk (27.3%) and Vestas (49.8%) in Denmarkand Banco Santander (56.3%), Telefonica (16%) and Amadeus (33.2%) inSpain.This reveals the importance of the corporate behaviour of a few large playersfor the country and sector-mix.Figure S4.R&D investment shares in Germany, France and the UK, by sector groupR&D investment 2010 (€ bn)10 20 30 40 502010GermanyFrance200920082007201020092008UK20072010200920082007highmedium-highmedium-lowlowSplit of sectors as in Figure S4.Source: The 2011 EU Industrial R&D Investment ScoreboardEuropean Commission, JRC/DG RTD.6The 2011 EU Industrial R&D Investment Scoreboard
A high number of the companies in the Scoreboard qualify as "fastgrowing"3 , particularly in the high R&D intensity sectors. Looking closerat these companies is interesting in the context of the development of thenew headline innovation indicator proposed in the Innovation Union, theEuropean research and innovation strategy.A relative high number of fast growing companies have been identified in asample of Scoreboard companies over the period 2002-2009. This wassomewhat unexpected given the nature of the Scoreboard sample comprisingmainly larger R&D investors but also a limited number of SMEs.Most of the fast growing companies concentrate in three high R&D-intensitysectors and the largest number of them are based in the US, in particular thoseshowing fast growth in terms of sales. This illustrates the high dynamism of highR&D intensity sectors in the US.The analysis of the sample of 1000 EU companies shows that the number offast-growing companies in high R&D intensive sectors is relatively higheramong the larger ones (measured in terms of sales and employees). Fastgrowing companies such as Tom-tom (Netherlands) in the electronic equipmentsector, Autonomy (UK) and Gameloft (France) in software and Morphosys(Germany) in biotech, deserve to be highlighted as success stories showinggood performance in 2010.Employment by the Scoreboard companies has also recovered and seemsto be more resilient in high R&D-intensity sectors.The 1400 companies in the Scoreboard employed more than 40 million personsin 2010, showing a 3% increase with respect to 2009, compared with adecrease of 1.2% in the year before.Over the past eight years employment patterns observed in the Scoreboardcompanies are generally similar to those on R&D investment and net sales. Afurther analysis grouping industrial sectors according to their R&D intensityshows that employment growth in high R&D-intensity sectors is generally higherthan in the other sectors, and particularly less affected by the economicdownturn (Figure S5). This suggests that the relationship between R&D andemployment depends on the R&D intensity of companies and is consistent withan econometric analysis finding a positive effect of R&D on employment thatincreases with the research intensity of companies.The location of employment by the Scoreboard companies across regionscannot be analysed with the available company data.3Following the OECD definition: "High-growth enterprises, as measured by employment (or by turnover), are enterprises with average annualisedgrowth in employees (or in turnover) greater than 20% a year, over a three-year period, and with ten or more employees at the beginning of theobservation period".7The 2011 EU Industrial R&D Investment Scoreboard 7
Page 6 and 7: Figure S1. One-year R&D investment,
Page 8: The specialisation of EU companies
Page 13 and 14: 1. IntroductionThe 2011 "EU Industr
Page 15 and 16: Table 1. Profile of the 2011 Scoreb
Page 17 and 18: 2. OverviewIn the last year compani
Page 19 and 20: Survey on R&D investment by the EU
Page 21 and 22: 3. Top R&D investing companiesThis
Page 23 and 24: R&D changes driven by Mergers and A
Page 25 and 26: Dynamics of top R&D companiesEvery
Page 27 and 28: 4. R&D distribution by regionThis c
Page 29 and 30: Figure 3.R&D investment by the top
Page 31 and 32: R&D Trends of companies in Member S
Page 33 and 34: 5. R&D distribution by industrialse
Page 35 and 36: The actual contribution of an indus
Page 37 and 38: Table 8. Ranking of top 15 industri
Page 39 and 40: Those based in the US specialise in
Page 41 and 42: Figure 7. Annual growth rates of ma
Page 43 and 44: Table 10.Ranking of industrial sect
Page 45 and 46: The profitability of US companies (
Page 47 and 48: Electronic equipment / LeisureThis
Page 49 and 50: Alternative energyAs observed in pr
Page 51 and 52: 6. Fast growing companiesThis chapt
Page 53 and 54: The list of the companies showing t
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Table 18. Fast growing companies in
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Table 20. Fast growing companies in
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7. R&D and employmentThis chapter p
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Table 21 shows the ranking of indus
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Figure 10. One-year employment grow
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Annex 1 - Background informationThe
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Annex 2 - Description of the Scoreb
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Mergers and acquisitions involving
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• Hewlett-Packard, USA acquired 3
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Annex 3 - Methodological notesThe 2
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The database is supplemented by dat
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1. Funding vs. activityThe focus of
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Standard (IAS) 38 “Intangible ass
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Annex 4 - List of fast growing comp
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Company Country Sector name 4-digit
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Annex 5 -EU1000List of EU1000 and n
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R&D Investment2010change10/09Net Sa
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5.2 Ranking of the top 1000 non-EU
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R&D InvestmentNet SalesR&D/NetSales
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EU Industrial R&D Investment Scoreboards 2011

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